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May 10, 2012

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Geoff

So, if they eliminate overdraft protection, doesn't that just mean that people will incur NSF fees and the items will be returned unpaid? Or are NSF fees also going to be eliminated?

Allan Ontai

Are the financial institutions' checking programs (including debit card and ACH) heading to be taken over by the Feds as the Student Loan program? Then they can finance all of the deadbeat's NSF transactions with taxpayer $$$. Good to go!!! Great when you are spending another person's money so you can look good!!

Steve Van Beek

Geoff & Allan,

I don't really think that Congress is seeking to outlaw overdrafts. But if they did, at least consumers would know who to look to if it wasn't a popular decision.

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